City Profile - Philadelphia; Comprehensive overview of the city, PEST analysis and analysis of key industries including technology, tourism and hospitality, construction and retail

City Profile - Philadelphia; Comprehensive overview of the city, PEST analysis and analysis of key industries including technology, tourism and hospitality, construction and retail

Summary

“City Profile - Philadelphia” provides historical and forecast data on key city level metrics along with analytical coverage of the latest political, economic, social, technological, infrastructural, legal and environmental issues affecting Philadelphia.

The report contains detailed tourism, retail, construction, technology and public infrastructure data and insight into economic, social, and industry trends.

Philadelphia is situated in Pennsylvania State in the US. Philadelphia metropolitan area contributed 2% to the US GDP in 2023, with a diverse economy led by professional, financial, real estate, and education services. Economic growth slowed to 1.5% in 2023, impacted by high prices and tighter monetary policies. The proposed FY2025 budget allocates over $130 million for economic opportunities, focusing on business simplification, neighborhood improvement, and job training.

Scope

• The service sector remains the key contributor to Philadelphia metropolitan area’s economy and the major employer.
• Philadelphia is a major tourist destination for both domestic and international travelers, drawing visitors with its rich culture and history. In 2023, the city welcomed 42.9 million visitors, an increase of 6.7% from the previous year, fueled by high-profile events and international tourism. This success is largely driven by the efforts of Visit Philadelphia and the Philadelphia Convention and Visitors Bureau, that lead marketing initiatives to promote the city. Their joint campaign, Come for Philadelphia. Stay for Philly, aims to continue boosting tourism, particularly major sports and other events to be hosted by the city

Reasons to Buy

• Gain a comprehensive knowledge of future economic and demographic trends and understand the performance of various sectors within the city.
• Analyze and understand the business environment in the city to align your investment and expansion strategies.
• The report helps to drive a conclusion in choosing a suitable city to invest or expand according to your business structure.
• Explore new opportunities in the hospitality, tourism, construction, real estate and retail sectors.